8-K

CRH PUBLIC LTD CO 8-K Report (Mar 10, 2014)

Filed March 10, 2014For Securities:CRH

Summary

This 8-K filing from CRH Public Limited Company (CRH) on March 10, 2014, primarily announces details regarding the Scrip Alternative for its 2013 Final Dividend. Investors have the option to receive new CRH shares instead of a cash dividend. The filing specifies the price per new share and the ratio of new shares to existing shares based on dividend withholding tax applicability. The key takeaway for investors is the opportunity to reinvest their dividends into additional CRH shares at a determined price. This "Scrip Alternative" allows shareholders to increase their stake in the company without incurring brokerage fees typically associated with purchasing shares on the open market. The exact number of new shares received will depend on whether dividend withholding tax applies to the shareholder's jurisdiction.

Key Highlights

  • 1CRH announced the Scrip Alternative for its 2013 Final Dividend.
  • 2The price for a new CRH share under this alternative is set at €20.99.
  • 3Shareholders can receive new shares instead of a cash dividend payment.
  • 4The entitlement ratio for new shares varies based on dividend withholding tax.
  • 5For shares subject to withholding tax, the entitlement is one new share for every 59.630682 shares held.
  • 6For shares not subject to withholding tax, the entitlement is one new share for every 47.704545 shares held.
  • 7This offers shareholders an opportunity to increase their ownership in CRH.

Frequently Asked Questions

The Scrip Alternative allows CRH shareholders to elect to receive new CRH ordinary shares instead of receiving their 2013 Final Dividend in cash. This is an option for shareholders to reinvest their dividend into additional company stock.

The price set for each new CRH share issued under the Scrip Alternative is €20.99.

The number of new shares you are entitled to depends on whether dividend withholding tax applies to your situation. If withholding tax applies, you receive one new share for every 59.630682 shares held. If withholding tax does not apply, you receive one new share for every 47.704545 shares held.

A primary benefit is that shareholders can increase their holding in CRH without incurring typical brokerage fees or commissions that would apply if they bought shares on the market. It's a way to reinvest dividends directly into more stock.